Managing UMR Phase 5 With Trade Optimization and Margin Reduction

Capitolis global head of sales Ben Tobin joined a panel of experts at TradeTech FX US to focus on Uncleared Margin Rules (UMR). He discussed why institutions should look beyond pure preparedness to optimizing and reducing the amount of margin they must exchange.

The panel examined how the September 2021 Phase 5 of UMR will impact FX prime brokerage, particularly with regards to operational costs and market access. Panelists discussed who and what is in scope as AANA thresholds drop, why pre-and post-trade optimization will become more important, and how technology can help drive efficiencies across trading and operations to maximize financial resources.

CLICK HERE to watch the full discussion.

Panel Discussion: How will UMR phase 5 impact prime brokerage, cost pressures and market access and how can you leverage innovations in technology to turn this update into your competitive advantage?

Moderator: Michael Koegler, Managing Principal, Market Alpha Advisors

Speakers:
Van Luu, Global Head of Currency, Russell Investments
Victoria Cumings, MD, Americas, Global FX Division, GFMA
Ben Tobin, SVP, Global Head of Sales, Capitolis
Basu Choudhury, Senior Director, CME Group Traiana
Vinod Jain, Senior Analyst, Aite Group